To say our real estate market was as hot as our weather in June, would almost be an understatement! The 624 closings in June were the highest EVER reported, and nearly 20% more than the same time last year. Condo closings rose 34% over the same period last year. Thompsons Station closings rose 65% compared to last June and their days on market dropped 64%!
The median home price of $407,000 in June 2015 was marginally less than the $409,065 in June 2014, a difference of only .5%. The days on market saw a decrease, and the inventory turn level was increased. Total June inventory remains very low. Single family homes are moving from listed to closed in a two month time span.
SINGLE FAMILY HOMES CITIES RECAP:
Brentwood had 109 closings with a median price of $622,563. The remaining inventory is at 349, with 100 homes pending, and an average DOM at 63.
Fairview had 22 closings at a median price of $205,000. Remaining inventory is at 72, with 19 pending listings and an average DOM of 64.
Franklin had the most residential closings, at 253; with a median price of $466,470. Franklin has remaining inventory of 734, 254 pending, and average DOM of 63.
Nolensville had 47 closings at a median of $399,900. There is a remaining inventory of 155, 51 pending and 62 average DOM.
Spring Hill saw 109 closings at a median price of $273,000. The inventory rests at 178, with 113 pending properties. The average DOM is 53.
Thompsons Station had 71 closings at a median price of $330,000. The remaining inventory is 182, with 66 pending. With an average DOM of 48, they were moving properties quickest.
Looking around the region, Williamson County significantly outpaced the market in terms of number of closed listings and Median Price.
Davidson County: 1057 Closed, $237,592 Median
Rutherford: 533 Closed, $194,900 Median
Wilson: 267 Closed, $245,985 Median
Maury: 171 Closed, $188,000 Median
Sumner: 313 Closed, $225,000 Median